Confluence Investment Management LLC boosted its position in Edgewell Personal Care Co (NYSE:EPC) by 5.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 170,845 shares of the company’s stock after purchasing an additional 8,310 shares during the quarter. Confluence Investment Management LLC’s holdings in Edgewell Personal Care were worth $6,765,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in EPC. Captrust Financial Advisors increased its stake in Edgewell Personal Care by 554.5% during the fourth quarter. Captrust Financial Advisors now owns 720 shares of the company’s stock worth $25,000 after acquiring an additional 610 shares during the last quarter. ELM Advisors LLC acquired a new stake in Edgewell Personal Care during the 4th quarter valued at $28,000. Twin Tree Management LP acquired a new stake in Edgewell Personal Care during the 4th quarter valued at approximately $60,000. Bessemer Group Inc. acquired a new stake in Edgewell Personal Care in the fourth quarter valued at $69,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of Edgewell Personal Care by 18.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,530 shares of the company’s stock valued at $122,000 after purchasing an additional 550 shares in the last quarter. 92.30% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research raised Edgewell Personal Care from a “sell” rating to a “hold” rating in a report on Wednesday, February 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Edgewell Personal Care has a consensus rating of “Hold” and a consensus target price of $35.17.
Edgewell Personal Care (NYSE:EPC) last issued its earnings results on Monday, February 8th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.18. The business had revenue of $451.10 million during the quarter, compared to analyst estimates of $431.88 million. Edgewell Personal Care had a return on equity of 10.83% and a net margin of 3.47%. Edgewell Personal Care’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 earnings per share. As a group, equities analysts forecast that Edgewell Personal Care Co will post 2.74 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 6th. Investors of record on Friday, March 5th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Thursday, March 4th. Edgewell Personal Care’s dividend payout ratio is currently 21.98%.
Edgewell Personal Care Profile
Edgewell Personal Care Company is a manufacturer and marketer of personal care products in the wet shave, sun and skin care, feminine care and infant care categories. As of September 30, 2016, the Company had a portfolio of over 25 brands. It manages its business in four segments: Wet Shave, Sun and Skin Care, Feminine Care and All Other.
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